10000 MCQ /questions on commerce questions answers
Standard cost is a..cost
The objective of accounting information is to provide..... review of the business.
true and fair
none of these
Mr. Raees Ahamd bought 50 litres of petrol when his monthly income was Rs.25000. Now his monthly income has risen to Rs.50, 000 and he purchases 100 litres of petrol. His income elasticity of demand for petrol is
Less than 1
More than 1
Works cost is a total of.....
Indirect material, Indirect labour
Direct material, direct labour, direct or chargeable expenses and works expenses
Direct material, direct labour
Indirect material, Indirect labour, Indirect expenses
Manager who is responsible for investments of company, its costs and revenues is known as
If a firm shuts down temporarily, it will incur loss equal to
If the amount of work certified is less than.....of the contract price, then no profit should be taken to Profit & Loss Account.
The purpose of an office is to furnish essential services to the.....
The assumption underlying the fixed installment method of depreciation is that of..... of the asset over its useful life
None of the above
Which one is not a assumption of the theory of demand based on analysis of indifference curves?
Given scale of preferences as between different combinations of two goods
Diminishing marginal rate of substitution
Constant marginal utility of money
Consumers would always prefer more of a particular good to less of it, other things remaining the same
Both prepaid and postpaid
None of these
Lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards is known as?
None of these
In arbitrage pricing theory, required returns are functioned of two factors which have
Both A and B
Which bank's old name was 'Imperial Bank'?
Reserve Bank of India
Punjab National Bank
State Bank of India
Union Bank of India
ECS Stands for?
Electrical Clearing System
Electronic Core System
End Clearing System
Electronic Clearing System
Where an urban agricultural land owned by an individual, continuously used by him for agricultural purposes for a period of two years prior to the date of transfer, is compulsorily, acquired under law and the compensation is fixed by the state Government
Cannot be said with certainty
Is decided by the Assessing Officer
Assertion (A). The new Industrial policy was announced on July 24, 1991. Reason (R). The new industrial policy was announced by the V.P. Singh Government.
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true but (R) is not the correct explanation of (A).
(A) is true but (R) is false.
(A) is false but (R) is true.
The accounting process involves recording
Quantifiable economic event
Non Quantifiable economic event
All of them
None of them
constant variance is classified in assumptions testing as
Select the correct statement about the Mumbai Inter Bank Bid (MIBID):
The weighted average interest rate at which certain banks in Mumbai are ready to borrow the long term lenders.
The weighted average interest rate at which certain banks in Mumbai are ready to lend for long term purpose.
The weighted average interest rate at which certain banks in Mumbai are ready to borrow from the call money market.
The freighted average interest rate at which certain banks in Mumbai are ready to lend in the call money market.
There are 20 questions to complete.